Next week if the market is calm we can begin to enter June trades. After a month like May that was tough for many traders it can be useful to consider doing a few things more conservatively. First off, trade smaller lot sizes and less trades all together. If the market moves rapidly again it is much easier to adjust 2 or 3 trades that 7 or 8. Secondly lower your profit and max loss targets. Maybe go for 10 % profit and 15% set as max loss. It is import psychologically to get some winning trades again to help you regain confidence. Insurance also is very important, keeping the damage limited particularly on the down side with some extra puts. A few tweaks like this can go a long way. - Fenton
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- TheOptionMentor
- My B.A. Degree is from the University of Arkansas. I've been trading since 2002 and teaching options trading since 2006. Learn to trade Option Income Spreads like a Pro! Email optionmentor@gmail.com for more about The Option Mentor Program.
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Trading the Market Structure
Trades are set up using the "Trading the Market Structure" method. It is derived by taking the most common trading methods, Delta Neutral Trading, Swing Trading, and Trend Trading, and combining them into one system. By combining them in this fashion they offset each other's weaknesses, thus creating an unusually effective strategy.
To begin to understand the simple technicals behind this Trading System set up your Weekly, Daily, 30 minute, and 10 minute charts with these links:
Market Structure/Entry Points/ Weekly Chart/ Daily Chart/ 30m Chart/ 10m Chart
To begin to understand the simple technicals behind this Trading System set up your Weekly, Daily, 30 minute, and 10 minute charts with these links:
Market Structure/Entry Points/ Weekly Chart/ Daily Chart/ 30m Chart/ 10m Chart
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